IUGA.L vs. XAGG.TO
IUGA.L (iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist)) and XAGG.TO (iShares U.S. Aggregate Bond Index ETF) are both exchange-traded funds - IUGA.L is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond (GBP Hedged) Index, while XAGG.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 3 years, IUGA.L returned 3.19%/yr vs 2.24%/yr for XAGG.TO. At a 0.03 correlation, their price movements are largely independent. IUGA.L charges 0.30%/yr vs 0.10%/yr for XAGG.TO.
Performance
IUGA.L vs. XAGG.TO - Performance Comparison
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Different Trading Currencies
IUGA.L is traded in GBP, while XAGG.TO is traded in CAD. To make them comparable, the XAGG.TO values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUGA.L achieves a -0.21% return, which is significantly lower than XAGG.TO's -0.05% return.
IUGA.L
- 1D
- 0.23%
- 1M
- -0.47%
- 6M
- 0.02%
- YTD
- -0.21%
- 1Y
- 3.88%
- 3Y*
- 3.19%
- 5Y*
- -0.95%
- 10Y*
- —
XAGG.TO
- 1D
- 0.57%
- 1M
- -2.35%
- 6M
- -0.98%
- YTD
- -0.05%
- 1Y
- 3.22%
- 3Y*
- 2.24%
- 5Y*
- —
- 10Y*
- —
IUGA.L vs. XAGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IUGA.L iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) | -0.21% | 6.71% | 0.94% | 4.04% | -13.94% | -1.12% |
XAGG.TO iShares U.S. Aggregate Bond Index ETF | -0.05% | -1.07% | 3.32% | -1.58% | -1.79% | 2.27% |
Correlation
The correlation between IUGA.L and XAGG.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.03 |
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Return for Risk
IUGA.L vs. XAGG.TO — Risk / Return Rank
IUGA.L
XAGG.TO
IUGA.L vs. XAGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA.L) and iShares U.S. Aggregate Bond Index ETF (XAGG.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IUGA.L | XAGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.08 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.60 | +0.83 |
| Martin ratioReturn relative to average drawdown | 3.81 | 1.65 | +2.16 |
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Drawdowns
IUGA.L vs. XAGG.TO - Drawdown Comparison
The maximum IUGA.L drawdown since its inception was -20.08%, which is greater than XAGG.TO's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for IUGA.L and XAGG.TO.
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Drawdown Indicators
| IUGA.L | XAGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.08% | -15.55% | -4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -6.62% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -5.99% | -9.78% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.05% | — | — |
Current DrawdownCurrent decline from peak | -6.58% | -8.76% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -8.87% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.39% | -1.37% |
Volatility
IUGA.L vs. XAGG.TO - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA.L) is 1.06%, while iShares U.S. Aggregate Bond Index ETF (XAGG.TO) has a volatility of 2.56%. This indicates that IUGA.L experiences smaller price fluctuations and is considered to be less risky than XAGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUGA.L | XAGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.56% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 7.32% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 9.56% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 12.33% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 12.33% | -6.86% |
IUGA.L vs. XAGG.TO - Expense Ratio Comparison
IUGA.L has a 0.30% expense ratio, which is higher than XAGG.TO's 0.10% expense ratio.
Dividends
IUGA.L vs. XAGG.TO - Dividend Comparison
IUGA.L's dividend yield for the trailing twelve months is around 3.86%, less than XAGG.TO's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IUGA.L iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.86% | 3.68% | 3.51% | 2.96% | 2.25% | 1.65% | 2.05% | 2.64% | 1.45% |
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 4.10% | 3.87% | 3.07% | 2.59% | 1.67% | 1.04% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUGA.L and XAGG.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAGG.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAGG.TO is cheaper with a 0.10% expense ratio, compared with 0.30% for IUGA.L.
IUGA.L is categorized as Intermediate Core Bond, while XAGG.TO is Total Bond Market. IUGA.L tracks Bloomberg US Aggregate Bond (GBP Hedged) Index, while XAGG.TO tracks Bloomberg US Aggregate Bond Index. Their fees differ too: 0.30% for IUGA.L and 0.10% for XAGG.TO.
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